PRESS RELEASE
News
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PRESS RELEASE
Meta Materials Announces Distribution of Series C Preferred Stock to Holders of its Common Stock
Meta Materials Inc. (Nasdaq:MMAT) has announced the distribution of newly designated Series C Preferred Stock to shareholders of record as of February 2, 2024. The shares will vote on specific proposals and will be discussed further in a Current Report on Form 8-K. Additionally, the Company plans to file a notice of special meeting of the stockholders and a preliminary proxy statement for approval of an increase in authorized shares. -
PRESS RELEASE
Meta Materials Announces 1-for-100 Reverse Stock Split to Regain Nasdaq Compliance
Meta Materials Inc. (Nasdaq:MMAT) announces a 1-for-100 reverse stock split to take effect from January 29, 2024, aiming to regain compliance with Nasdaq listing requirements. The reverse stock split will reduce the number of outstanding shares and alter the stock's trading value. This strategic move is part of the company's effort to improve performance and maintain its listing on the Nasdaq Capital Market. -
PRESS RELEASE
Meta Materials Announces Proposed SEC Settlement
Meta Materials Inc. (Nasdaq:MMAT) has announced a proposed SEC settlement in connection with the Investigation by the Securities and Exchange Commission. The settlement, subject to approval by the SEC Commissioners, would result in the Company paying a civil money penalty and neither admitting nor denying the findings in the Order. The Company believes the Proposed SEC Settlement is in the best interests of its shareholders and would allow it to move forward in achieving its business objectives. -
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PRESS RELEASE
Meta Materials Releases Board Letter to Shareholders
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PRESS RELEASE
Meta Materials Clarifies Potential Impacts of Reverse Stock Split Proposal
Meta Materials Inc. provides clarification of the potential impacts of Proposal 3: Approval of a Reverse Stock Split, to be voted on at the 2023 Annual Meeting of Stockholders. The company emphasizes the necessity for the reverse stock split to maintain its Nasdaq listing and highlights the importance of shareholder support -
PRESS RELEASE
Meta Materials Announces $6.0 Million Registered Direct Offering
Meta Materials Inc. announced a registered direct offering of 75.0 million shares of common stock at $0.08 per share, with gross proceeds of $6.0 million for technology commercialization, sales efforts and general corporate purposes. The offering is expected to close on December 6, 2023 -
